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Non-Tech : Estate Planning -- Ignore unavailable to you. Want to Upgrade?

To: voodooist who wrote (29)	4/6/1998 3:36:00 AM
From: Taxboy	Read Replies (1) \| Respond to of 36

I usually do not press a client to buy life insurance to make up for the loss of a premature death. As for the fortune, two QPRTs (husband and wife) should not cost a fortune, rather it should cost in the 2-4 grand range (and it should be to the low end) which includes the necessary deeds and gift calculations, and of course the document. For the cost, you get probably the least disruptive advanced estate planning technique. For the duration of the term, nothing changes and all you have to do is get up every morning. At the end of the term, you could rent the house from your kids and they would get the house, without an estate tax burden. It is really a good deal, especially with lawyers touting FLPs that cost more of a fortune to maintain.